Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Daniel Miller who wrote (36239)	5/17/1999 12:36:00 AM
From: Barronio	Read Replies (1) of 122087

<CLEV> There's a difference between a "rumor of a buyout" and management announcing their intention to seek a buyer. Two weeks ago, the stock wasn't worth much, because you could expect to have to hold for years to finally realize the 100% appreciation that was inevitable. But now, that 100% (from last week's price) is attainable within a year or so, which is why the stock has shot up. IMO it's priced reasonably if we assume a $300 million buyout, which itself seems attainable. Still might be worth shorting if it jumps higher on implausible rumours ("Bill Gates wants to buy the team for $1 billion!") or if you want to play a small steady drop as people get tired of waiting, but it's unlikely to drop bigtime until and unless the search for a buyer is cancelled. Search this thread for CLEV to see previous posts on this topic (you should have done this anyway).

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